Processing Magazine

Kraft Investigated by India for Possible Tax Evasion

January 4, 2011

According to Bloomberg, India is probing whether Kraft Foods Inc. evaded taxes when it acquired Cadbury Plc last year for $19 billion, the New York Times reported. The probe by India’s Ministry of Finance follows a public interest lawsuit filed in the Delhi High Court last year in which a Delhi-based lawyer said Kraft avoided tax liabilities related to the sale of shares and capital assets in India, the newspaper said.